β¨ Financial Report
13 SEPTEMBER NEW ZEALAND GAZETTE
2817
(6) Transfer Pricing
During the normal course of operations, the lines business unit undertakes activities with other business units. These other business units consist of generation and operations. The lines business unit contracts in these other business units to undertake capital and maintenance work.
Prices are determined based on cost plus a markup to cover overhead.
Total transactions occurring during the year were made up as follows:
Capital 31.3.99
- Subtransmission assets 683
- Zone substations 2,338
- Distribution lines and cables 1,478
- Medium voltage switchgear 0
- Distribution transformers 0
- Distribution substations 1,007
- Low voltage lines and cables 419
- Other 3
5,928
Maintenance 2,372
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VUW Te Waharoa —
NZ Gazette 1999, No 117
NZLII —
NZ Gazette 1999, No 117
β¨ LLM interpretation of page content
π
Central Electric Limited Statement of Accounting Policies
(continued from previous page)
π Trade, Customs & IndustryAccounting Policies, Financial Statements, Transfer Pricing, Capital Expenditure, Maintenance Costs